Slide 1: PGG Wrightson Limited Annual Shareholders' Meeting – Hybrid
PGG WRIGHTSON LIMITED ANNUAL SHAREHOLDERS’ MEETING – HYBRID 9:30am, Tuesday, 14 October 2025 Slide 1 – Meeting Opening Slide Slide 2 – Welcome & Introduction Slide 3 – How to participate in the Hybrid Meeting - Questions 1
Slide 2: Hybrid Meeting Voting, Board of Directors, Executive Team
Slide 4 – How to participate in the Hybrid Meeting - Voting Slide 5 – Board of Directors Slide 6 – Executive Team 2
Slide 3: Opening Formalities
Slide 7 – Opening Formalities Apologies Notice of Meeting Minutes Annual Report & Sustainability Report 2025 GAAP and non-GAAP Performance Measures Proxies and Postal Votes Slide 8 – Business of the Meeting – Chair’s Address 3
Slide 4: Chair's Address: FY25 Performance Results & Sustainability Highlights
Slide 9 – Chair’s Address Slide 10 – FY25 Financial Year Performance Results & Sustainability Highlights Financial year performance for the financial year ended 30 June 2025: • Operating EBITDA of $56.1 million was up $12.0 million or 27 per cent on prior financial year. • Operating Revenue of $975.
Slide 5: Group Operating EBITDA
Slide 11 – Group Operating EBITDA PGW’s Group Operating EBITDA of $56.1 million was up $12.0 million or 27 per cent on the prior year’s result. PGW’s businesses reported much improved results, with the prior financial year appearing to have marked the bottom of the agri cycle. However, the operating
Slide 6: Group Operating Revenue, Net Profit After Tax, Purpose & Vision
Group Operating Revenue of $975.3 million was up $59.4 million or six per cent from the prior year. Slide 13 – Group Net Profit After Tax The Net Profit After Tax of $10.7 million was up $7.6 million from FY24. Slides 14 – Strategy Update – Purpose & Vision During the year, PGW launched its refreshe
Slide 7: Strategy Update – Strategic Priorities
Slides 15 – Strategy Update – Strategic Priorities Our “Strategy on a Page” layout captures at a high-level, our purpose, vision, values, Business Units, Functions, and our Group Strategic Priorities in a cohesive framework. Our Strategic Priorities articulate the unified areas of focus for the busi
Slide 8: Strategic Initiatives
Rather than discuss the Strategy at a theoretical level, I thought it might be useful and informative to discuss a few practical initiatives that have been implemented in recent months, as examples of activity going on at a strategic level. I will briefly touch on three initiatives that contribute t
Slide 9: Technical Team Scientific Trials and R&D Site
Each year, PGW’s dedicated Technical Team runs some 70 to 80 scientific trials in paddocks and orchards across the country, in collaboration with cooperating farmers and growers. By investing in our own dedicated site, it will enable us to expand on those trial programmes and implement more controll
Slide 10: Cash Flow, Facilities and People
Thank you, Garry, ata mārie, and good morning, everyone. I am pleased to be here with you today. PGW recorded cash flows from operating activities of $12.4 million for FY25 and included significant growth, recorded as cash outflow in GO-STOCK receivables. These increased by $28.9 million over the 12
Slide 11: Sustainability Report and Climate Statement 2025
Our Sustainability Report and Climate Statement 2025 marks PGW’s second year of reporting under the New Zealand Climate Standards and demonstrates a maturing understanding of our climate-related risks and opportunities. As Garry mentioned earlier, PGW is pleased to report a 22 per cent reduction in
Slide 12: Retail & Water Results
The Retail & Water business incorporates Rural Supplies, Fruitfed Supplies, Water, and Agritrade. PGW’s Retail & Water group recorded an Operating EBITDA of $42.2 million, an improvement of $1.1 million or 3% from the prior year’s result. Our Retail & Water group’s revenue was up $39.4 million or 5%
Slide 13: Water, Agritrade and Agency Results
There was limited development work for our Water business in the first half of the financial year. However, the team experienced a momentum shift in the second half in response to the positivity in the dairy sector, which lifted investment confidence for irrigation development. Agritrade, our wholes
Slide 14: Farmer Sentiment and Livestock Markets
The July Federated Farmers’ Confidence Survey confirmed a strong lift in farmer sentiment. This was driven by easing interest rates, more stability in input costs, improved commodity prices, and government policies viewed as more supportive. Farm profitability rebounded, strengthening investment spe
Slide 15: Wool, Real Estate and First Quarter FY26
Our wool exporting subsidiary, Bloch & Behrens, increased wool export volumes. This was particularly pleasing given wool volumes exported from New Zealand declined in the year. Improved sentiment in the real estate market has continued, contributing to a pleasing performance by PGW Real Estate, with
Slide 16: Q1 Trading and Outlook
Livestock and Real Estate have continued their strong performance, reflecting the continuation of the strong demand for red meat and dairy. Otherwise, the business has been gearing up for the anticipated busy spring period. Our achievements this year are a direct result of the dedication, resilience
Slide 17: Outlook
positive operating environment for the primary sector. These factors have contributed to renewed optimism and a noticeable lift in farmer confidence, which is positive for the sector and our rural servicing operations. Despite this momentum, forward-looking sentiment is not uniform across the sector
Slide 18: Business of the Meeting – Resolutions
Slide 31 – Business of the Meeting – Resolutions Slide 32 – Ordinary Resolution One: Re-election of Sarah Brown Slide 33 – Ordinary Resolution Two: Re-election of Garry Moore 18
Slide 19: Resolutions Three and Four, General Business
Slides 34 – Ordinary Resolution Three: Election of Wilson Liu Slide 35 – Ordinary Resolution Four: Auditor’s Remuneration Slide 36 – Move Resolutions Slide 37 – General Business 19
Slide 20: Disclaimer & Closing, Thank You
Slide 38 – Disclaimer & Closing Closing Slide 39 – Thank You 20